Answer:
10 years
Step-by-step explanation:
First, converting R percent to r a decimal
r = R/100 = 2%/100 = 0.02 per year,
then, solving our equation
t = 100 / ( 500 × 0.02 ) = 10
t = 10 years
The time required to
accumulate simple interest of $ 100.00
from a principal of $ 500.00
at an interest rate of 2% per year
is 10 years.
It doesn’t have an inverse because it doesn’t pass the horizontal line test
Ok slot method
3 slots
1st slot has 52 options
2nd slot has 51 optoins (1 went to first slot)
3rd slot has 50 options (1 went to previous slot)
number of ways=52*51*50=132600 ways
For the first quarter you would use the equation of $2000+(2000 times 0.08)=the money for the first quarter or $2160. the second quarters equation is $2000+(2000 times 0.08)2= the money for the second quarter or $2320. the thirds quarters equation is $2000+(2000 times 0.08)3= the money for the third quarter or $2480. The fourth quarters equation is $2000+(2000 times 0.08)4=the money for the fourth quarter or $2640.
